PIMCO California Municipal Income Fund II (NYSE:PCK) Stake Boosted by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its holdings in shares of PIMCO California Municipal Income Fund II (NYSE:PCK) by 13.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 624,074 shares of the closed-end fund’s stock after purchasing an additional 75,771 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in PIMCO California Municipal Income Fund II were worth $3,570,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Almitas Capital LLC acquired a new stake in shares of PIMCO California Municipal Income Fund II during the 2nd quarter worth approximately $64,000. Morse Asset Management Inc acquired a new stake in PIMCO California Municipal Income Fund II in the third quarter worth $100,000. Commonwealth Equity Services LLC lifted its stake in PIMCO California Municipal Income Fund II by 3.7% in the second quarter. Commonwealth Equity Services LLC now owns 62,422 shares of the closed-end fund’s stock valued at $365,000 after buying an additional 2,200 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of PIMCO California Municipal Income Fund II during the third quarter valued at $547,000.

PIMCO California Municipal Income Fund II Stock Performance

PIMCO California Municipal Income Fund II stock opened at $5.63 on Friday. PIMCO California Municipal Income Fund II has a one year low of $5.50 and a one year high of $6.34. The company has a 50-day simple moving average of $5.83 and a 200-day simple moving average of $5.95.

PIMCO California Municipal Income Fund II Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be given a $0.0215 dividend. This represents a $0.26 annualized dividend and a yield of 4.59%. The ex-dividend date is Monday, January 13th.

PIMCO California Municipal Income Fund II Profile

PIMCO California Municipal Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of United States. It seeks to invest in stocks of companies operating across diversified sectors.